Admicom

32.20 EUR

+1.74 %

7,469 following
Corporate customer

ADMCM

First North Finland

Software

Technology

+1.74 %
+7.33 %
-27.07 %
-25.29 %
-33.06 %
-31.42 %
-23.79 %
-65.93 %
+200.93 %

Admicom operates in the IT sector. The company develops cloud-based services that mainly concern administration, accounting, payroll and project management. In addition to its main business, it offers training and customer support. Its customers are small and medium-sized corporate customers, with the largest operations in construction and industry. The head office is located in Jyväskylä.

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Market cap
161.63M EUR
Turnover
259.5K EUR
P/E (adj.) (26e)
15.12
EV/EBIT (adj.) (26e)
11.59
EV/S (26e)
3.64
Dividend yield-% (26e)
1.09 %
Coverage
Recommendation
Buy
Target price
45.00 EUR
Updated
2026-04-14
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 2026-04-15

Latest extensive report

Released: 2026-01-16

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
8/7
2026

Interim report Q2'26

8/10
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
I’ve got the impression that Admicom’s cost discipline might not have been on a sustainable footing in the long run. Strong growth requires structures, support, experts, etc. By constantly squeezing the lemon, you end up with “organizational debt.” Quite a few small companies are...
4/17/2026, 6:04 AM
by Verneri Pulkkinen
44
Explosive Growth in Sight Admicom’s business is developing as one might expect, rather moderately. Again, quarterly forecasts have been cut by 15%, as the forecasts on which the EV/EBIT 10 talks are based do not seem to materialize.
4/15/2026, 5:07 AM
by LeFevre
33
YLE’s story, so the new management has something to prove… In the autumn of 2024, veteran entrepreneur Matti Häll made a deal worth over 50 million euros. 21 percent of the software company Admicom’s shares changed hands; Häll was the seller. The deal was reported by Keskisuomalainen...
4/15/2026, 7:26 AM
by Zen65
20
Netvisor is nowhere near the same level as Admicom, unless some other construction software has been brought in alongside it. With Netvisor, you can only handle financial management; it doesn’t have proper project management. If your acquaintance’s construction firm is the “man and...
4/16/2026, 5:25 PM
18
The company still hasn’t seemed to admit the real customer churn; instead, the only reasons given have been bankruptcies/payment difficulties. If even in my own immediate circle there is a construction entrepreneur who switched from Admicom to Netvisor, I find it hard to believe ...
4/15/2026, 6:27 AM
14
Admicom is certainly testing one’s patience. As a novice “investor,” this is one of my first stock picks that isn’t just a lottery ticket; rather, the stock purchase had solid fundamentals. I bought it about three years ago, if I recall correctly, and at the time, my investment thesis...
4/15/2026, 6:08 AM
by Polakki
14
The company hasn’t really been able to dodge the construction sector downturn as I would have hoped. In Finland, there is talk of new massive cuts again, which certainly won’t increase consumption. We’ve been waiting for a turnaround in construction for quite a while now, and it ...
4/17/2026, 6:37 AM
by samamies
12
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